Two New Permits; Eight Permits Renewed; Four DUCs Reported As Completed -- September 23, 2020

California EVs: Governor Newsom says the state will ban the sale of ICE-automobiles in 2035. This announcement comes just after California had to have rolling blackouts a) to protect the grid; and, b) to protect the forests. Obviously the governor has not thought this through. 

Ouch! Bismarck City Commission passed the city's 2021 budget that includes over $4 million in property tax increases. Didn't see that coming.  

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Back to the Bakken

Active rigs:

$39.93	9/23/2020	09/23/2019	09/23/2018	09/23/2017	09/23/2016
Active Rigs	11	59	66	57	33

Two new permits, #37854 - #37855, inclusive:

• Operators: CLR, Whiting
• Fields: Cedar Coulee (Dunn); Sanish (Mountrail)
• Comments:
• CLR has a permit for a Carus well in SESW 28-147-96, 418' FSL and 1498' FWL, Cedar Coulee;
• Whiting has a permit for a Lacey well in NESE 2-152-92, 1805' FSL and 350' FEL;

Three permits canceled:

• Enerplus (2): an Oxbow permit and a Plateau permit, both in McKenzie County
• MRO: a  Pomeroy permit in Dunn County;

Eight permits renewed:

• CLR: eight LCU wells -- four Ralph Federal permits; three Reckitt Federal permits; and, a Foster Federal permit; all in section 22-153-99; Williams County

Four producing wells (DUCs) reported as completed:

• 35261, drl/A, CLR, Sefolosha Federal 11-23H, Epping, t--; cum --; off line since 3/20;
• 36721, drl/A, CLR, Vardon 12-14H1, Siverson, t--; cum --; off line since 3/20;
• 36450, SI/A, WPX, Badger 22-21HIL, Squaw Valley, t--; cum 160K 7/20; a 41K month;
• 36259, drl/A, WPX, Mandaree Warrior 14-11HS, Squaw Creek, t--; cum 142K 7/20; a couple of 36K months;

Taking a closer look: in yesterday's daily activity report, it was reported that about 80 wells were transferred from Taqa USA to D90 Energy, LLC;

• it appears most were in Burke County, but spread out across most oil-producing counties in western North Dakota;
• most recent permit: 16697
• most permits were of wells drilled decades ago
• many (most?) of them are PA
• nothing of immediate interest here;